Sweco’s latest expert report outlines the progress of European industries in their efforts to become more resilient and move toward net zero. The steel industry is at the forefront, followed by the cement industry. The chemical and transport industries are also in the process of transforming toward net zero. As significant investments are made and new technologies such as hydrogen, CCS, and electrofuels are
With the investment, Ovako modernizes the heavy bar mill of the Imatra site. This marks the largest investment in the Imatra mill in 30 years. As a result, the mill's production capacity will increase by 16,000 tons per year.The investment is an upgrade of the first and second rolling stand of the heavy bar mill and includes new transformers, motor drives, motors, and mechanical power lines.
The investment is significant not only for Ovako but also for Imatra and the entire South Karelia economic area, as it also will support employment for local and regional contractors.
"This
